US end of Iranian blockadeIran has denied seeking direct talks with the United States and reaffirmed its control over the strategic Strait of Hormuz. This assertion comes amid tense military and diplomatic engagements involving Iran, the U.S., and Israel, which have been ongoing since early 2026. Tehran’s assertion over the Strait of Hormuz is consistent with its strategy to use the waterway as leverage in its geopolitical maneuvers. Developments in Iran’s policies concerning the Strait of Hormuz, such as further restrictions or negotiations, could also influence market expectations. Additionally, any new communication channels opening between the U.S. and Iran, even indirectly, could alter current market pricing and suggest potential de-escalation.